Instructions for Choices between Gambles and Cash


Your task is to evaluate each gamble and decide whether you would prefer to play the gamble or to take cash for sure. In each case, there are 100 tickets in an urn. Click your button beside the gamble or the cash to indicate which you prefer.

Warmup Trials Choices between Gambles and Cash


W1.
Gamble: 10 tickets to win $75
              90 tickets to win $0
OR
Sure Cash: $10

Prefer Gamble Prefer Cash

W2.
Gamble: 90 tickets to win $200
              10 tickets to win $0
OR
Sure Cash: $50

Prefer Gamble Prefer Cash

W3.
Gamble: 50 tickets to win $100
              50 tickets to win $0
OR
Sure Cash: $30

Prefer Gamble Prefer Cash

W4.
Gamble: 90 tickets to win $140
              10 tickets to win $0
OR
Sure Cash: $20

Prefer Gamble Prefer Cash

1.
Gamble: 10 tickets to win $100
              90 tickets to win $0
OR
Sure Cash: $30

Prefer Gamble Prefer Cash

2.
Gamble: 50 tickets to win $140
              50 tickets to win $0
OR
Sure Cash: $50

Prefer Gamble Prefer Cash

3.
Gamble: 90 tickets to win $140
              10 tickets to win $0
OR
Sure Cash: $10

Prefer Gamble Prefer Cash

4.
Gamble: 50 tickets to win $200
              50 tickets to win $0
OR
Sure Cash: $30

Prefer Gamble Prefer Cash

5.
Gamble: 50 tickets to win $200
              50 tickets to win $0
OR
Sure Cash: $20

Prefer Gamble Prefer Cash

6.
Gamble: 10 tickets to win $100
              90 tickets to win $0
OR
Sure Cash: $10

Prefer Gamble Prefer Cash

7.
Gamble: 90 tickets to win $100
              10 tickets to win $0
OR
Sure Cash: $10

Prefer Gamble Prefer Cash

8.
Gamble: 10 tickets to win $75
              90 tickets to win $0
OR
Sure Cash: $50

Prefer Gamble Prefer Cash

9.
Gamble: 50 tickets to win $100
              50 tickets to win $0
OR
Sure Cash: $30

Prefer Gamble Prefer Cash

10.
Gamble: 90 tickets to win $75
              10 tickets to win $0
OR
Sure Cash: $20

Prefer Gamble Prefer Cash

11.
Gamble: 10 tickets to win $140
              90 tickets to win $0
OR
Sure Cash: $20

Prefer Gamble Prefer Cash

12.
Gamble: 90 tickets to win $140
              10 tickets to win $0
OR
Sure Cash: $30

Prefer Gamble Prefer Cash

13.
Gamble: 90 tickets to win $75
              10 tickets to win $0
OR
Sure Cash: $30

Prefer Gamble Prefer Cash

14.
Gamble: 90 tickets to win $75
              10 tickets to win $0
OR
Sure Cash: $10

Prefer Gamble Prefer Cash

15.
Gamble: 50 tickets to win $75
              50 tickets to win $0
OR
Sure Cash: $50

Prefer Gamble Prefer Cash

16.
Gamble: 10 tickets to win $140
              90 tickets to win $0
OR
Sure Cash: $50

Prefer Gamble Prefer Cash

17.
Gamble: 90 tickets to win $140
              10 tickets to win $0
OR
Sure Cash: $20

Prefer Gamble Prefer Cash

18.
Gamble: 90 tickets to win $200
              10 tickets to win $0
OR
Sure Cash: $20

Prefer Gamble Prefer Cash

19.
Gamble: 50 tickets to win $200
              50 tickets to win $0
OR
Sure Cash: $50

Prefer Gamble Prefer Cash

20.
Gamble: 90 tickets to win $75
              10 tickets to win $0
OR
Sure Cash: $50

Prefer Gamble Prefer Cash

21.
Gamble: 10 tickets to win $75
              90 tickets to win $0
OR
Sure Cash: $10

Prefer Gamble Prefer Cash

22.
Gamble: 50 tickets to win $140
              50 tickets to win $0
OR
Sure Cash: $20

Prefer Gamble Prefer Cash

23.
Gamble: 90 tickets to win $140
              10 tickets to win $0
OR
Sure Cash: $50

Prefer Gamble Prefer Cash

24.
Gamble: 50 tickets to win $75
              50 tickets to win $0
OR
Sure Cash: $20

Prefer Gamble Prefer Cash

25.
Gamble: 90 tickets to win $100
              10 tickets to win $0
OR
Sure Cash: $30

Prefer Gamble Prefer Cash

26.
Gamble: 10 tickets to win $140
              90 tickets to win $0
OR
Sure Cash: $30

Prefer Gamble Prefer Cash

27.
Gamble: 10 tickets to win $200
              90 tickets to win $0
OR
Sure Cash: $20

Prefer Gamble Prefer Cash

28.
Gamble: 90 tickets to win $200
              10 tickets to win $0
OR
Sure Cash: $50

Prefer Gamble Prefer Cash

29.
Gamble: 90 tickets to win $100
              10 tickets to win $0
OR
Sure Cash: $20

Prefer Gamble Prefer Cash

30.
Gamble: 10 tickets to win $200
              90 tickets to win $0
OR
Sure Cash: $50

Prefer Gamble Prefer Cash

31.
Gamble: 50 tickets to win $140
              50 tickets to win $0
OR
Sure Cash: $10

Prefer Gamble Prefer Cash

32.
Gamble: 10 tickets to win $75
              90 tickets to win $0
OR
Sure Cash: $20

Prefer Gamble Prefer Cash

33.
Gamble: 50 tickets to win $140
              50 tickets to win $0
OR
Sure Cash: $30

Prefer Gamble Prefer Cash

34.
Gamble: 10 tickets to win $100
              90 tickets to win $0
OR
Sure Cash: $20

Prefer Gamble Prefer Cash

35.
Gamble: 90 tickets to win $100
              10 tickets to win $0
OR
Sure Cash: $50

Prefer Gamble Prefer Cash

36.
Gamble: 90 tickets to win $200
              10 tickets to win $0
OR
Sure Cash: $30

Prefer Gamble Prefer Cash

37.
Gamble: 90 tickets to win $200
              10 tickets to win $0
OR
Sure Cash: $10

Prefer Gamble Prefer Cash

38.
Gamble: 10 tickets to win $140
              90 tickets to win $0
OR
Sure Cash: $10

Prefer Gamble Prefer Cash

39.
Gamble: 50 tickets to win $75
              50 tickets to win $0
OR
Sure Cash: $10

Prefer Gamble Prefer Cash

40.
Gamble: 10 tickets to win $100
              90 tickets to win $0
OR
Sure Cash: $50

Prefer Gamble Prefer Cash

41.
Gamble: 50 tickets to win $200
              50 tickets to win $0
OR
Sure Cash: $10

Prefer Gamble Prefer Cash

42.
Gamble: 50 tickets to win $75
              50 tickets to win $0
OR
Sure Cash: $30

Prefer Gamble Prefer Cash

43.
Gamble: 10 tickets to win $75
              90 tickets to win $0
OR
Sure Cash: $30

Prefer Gamble Prefer Cash

44.
Gamble: 10 tickets to win $200
              90 tickets to win $0
OR
Sure Cash: $10

Prefer Gamble Prefer Cash

45.
Gamble: 10 tickets to win $200
              90 tickets to win $0
OR
Sure Cash: $30

Prefer Gamble Prefer Cash

46.
Gamble: 50 tickets to win $100
              50 tickets to win $0
OR
Sure Cash: $20

Prefer Gamble Prefer Cash

47.
Gamble: 50 tickets to win $100
              50 tickets to win $0
OR
Sure Cash: $10

Prefer Gamble Prefer Cash

48.
Gamble: 50 tickets to win $100
              50 tickets to win $0
OR
Sure Cash: $50

Prefer Gamble Prefer Cash

49. What is your age? years.
50. Gender: Are you Male or Female?
Female
Male

51. How many years of Education have you completed? Put 12 for High School Diploma
Put 16 for college diploma (bachelor's degree).
put 20 for doctorate degree (Ph.D., M.D., etc).
Education:
52. Nationality (country of birth):
53. Comments (CSUF 4 digits):

54. Email:

Please check your answers. When you are done, push the button below.

Thank You!